702 Oak Street, Melbourne Beach, FL 32951

$895,000
2,212
SqFt

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List Price
$895,000
Days on Market
112
Price Change
▼ $25,000 1783556682
MLS#
1075526
Year Built
1950
Living Area
2,212
Lot Size
25,700
Acres
0.59
MLS Area Major
Indialantic/Melbourne Beach

Property Description

Located just 1.5 blocks from the ocean and only 3 blocks from Ocean Avenue, this rare .59-acre property offers exceptional flexibility and investment potential. Keep it as a proven income-producing property, live in the main home while renting the cottage, or build your dream custom estate on one of the area's hard-to-find oversized lots. The property features a 3-bedroom, 2-bath main home (approx. 1,552 SF) plus a separate 1-bedroom cottage. Major updates to the Main Home include a 2019 roof with peel-and-stick underlayment and Owens Corning Duration shingles, 2024 A/C and ductwork, partial impact windows, 2022 exterior sewer line replacement, remodeled guest bath (2021), and primary bath (2008). The Cottage features updated sewer and water lines (2023), 2008 cabinets, appliances, and ceramic flooring, making this an outstanding opportunity for homeowners and investors alike. This home is Being sold as-is. Vacant and easy to show.

Additional Information

Floor
Tile, Vinyl
Appliances
Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
Utilities
Electricity Available, Sewer Available, Water Available
Heating
Electric
Air Conditioning
Central Air
Fireplace
Yes
Exterior Construction
Concrete, Stucco
Roof
Shingle
Garage Spaces
2
Elementary School
Gemini
Middle School
Hoover
High School
Melbourne

Listing courtesy of Golden Group Realty LLC.

Listing courtesy of Golden Group Realty LLC.

Courtesy of Golden Group Realty LLC.

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